FARCX vs. FESIX

Last updated Jun 5, 2026

FARCX (Nuveen Real Estate Securities Fund) and FESIX (Fidelity SAI Real Estate Index Fund) are both REIT funds. Over the past 5 years, FARCX returned 3.81%/yr vs 1.95%/yr for FESIX. With a 0.98 correlation, they move nearly in lockstep. FARCX charges 0.97%/yr vs 0.07%/yr for FESIX.

Performance

FARCX vs. FESIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Real Estate Securities Fund (FARCX) and Fidelity SAI Real Estate Index Fund (FESIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FARCX achieves a 11.57% return, which is significantly higher than FESIX's 7.33% return.

FARCX

• 1D: -0.06%
• 1M: -1.72%
• YTD: 11.57%
• 6M: 11.04%
• 1Y: 14.09%
• 3Y*: 9.90%
• 5Y*: 3.81%
• 10Y*: 5.60%

FESIX

• 1D: -0.18%
• 1M: -1.45%
• YTD: 7.33%
• 6M: 6.73%
• 1Y: 9.35%
• 3Y*: 8.89%
• 5Y*: 1.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FARCX vs. FESIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FARCX Nuveen Real Estate Securities Fund	11.57%	2.56%	6.04%	11.55%	-24.57%	41.57%	-6.14%	25.63%	-5.57%	5.29%
FESIX Fidelity SAI Real Estate Index Fund	7.33%	3.09%	4.80%	11.83%	-26.47%	40.61%	-11.10%	23.06%	-4.95%	2.81%

Correlation

The correlation between FARCX and FESIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.98

The correlation between FARCX and FESIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

FARCX vs. FESIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FARCX

FARCX Risk / Return Rank: 19
FARCX Sharpe Ratio Rank: 16
FARCX Sortino Ratio Rank: 15
FARCX Omega Ratio Rank: 15
FARCX Calmar Ratio Rank: 25
FARCX Martin Ratio Rank: 25

FESIX

FESIX Risk / Return Rank: 11
FESIX Sharpe Ratio Rank: 9
FESIX Sortino Ratio Rank: 9
FESIX Omega Ratio Rank: 9
FESIX Calmar Ratio Rank: 13
FESIX Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FARCX vs. FESIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Estate Securities Fund (FARCX) and Fidelity SAI Real Estate Index Fund (FESIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FARCX	FESIX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	0.73	+0.38
Sortino ratio: Return per unit of downside risk	1.55	1.07	+0.49
Omega ratio: Gain probability vs. loss probability	1.20	1.14	+0.06
Calmar ratio: Return relative to maximum drawdown	1.83	1.14	+0.69
Martin ratio: Return relative to average drawdown	5.96	3.56	+2.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FARCX vs. FESIX - Sharpe Ratio Comparison

The current FARCX Sharpe Ratio is 1.11, which is higher than the FESIX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of FARCX and FESIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FARCX	FESIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.73	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.10	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.18	+0.23

Drawdowns

FARCX vs. FESIX - Drawdown Comparison

The maximum FARCX drawdown since its inception was -70.62%, which is greater than FESIX's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for FARCX and FESIX.

Drawdown Indicators

	FARCX	FESIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.62%	-44.22%	-26.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-8.42%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-17.48%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-31.77%	-34.51%	+2.74%
Max Drawdown (10Y) Largest decline over 10 years	-41.05%	—	—
Current Drawdown Current decline from peak	-3.26%	-4.65%	+1.39%
Average Drawdown Average peak-to-trough decline	-10.45%	-11.39%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.70%	-0.30%

Volatility

FARCX vs. FESIX - Volatility Comparison

Nuveen Real Estate Securities Fund (FARCX) and Fidelity SAI Real Estate Index Fund (FESIX) have volatilities of 3.59% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FARCX	FESIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.75%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	9.31%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	13.16%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	18.93%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.15%	21.73%	-1.58%

FARCX vs. FESIX - Expense Ratio Comparison

FARCX has a 0.97% expense ratio, which is higher than FESIX's 0.07% expense ratio.

Dividends

FARCX vs. FESIX - Dividend Comparison

FARCX's dividend yield for the trailing twelve months is around 5.22%, more than FESIX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FARCX Nuveen Real Estate Securities Fund	5.22%	5.77%	9.34%	3.30%	20.25%	15.12%	2.89%	11.46%	6.19%	13.43%	10.99%	8.24%
FESIX Fidelity SAI Real Estate Index Fund	2.88%	3.09%	52.40%	3.87%	55.39%	5.01%	2.71%	3.78%	3.15%	2.21%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FARCX and FESIX in my portfolio?

With a correlation of 0.96, FARCX and FESIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FARCX or FESIX?

FESIX has higher volatility (3.75%) compared to FARCX (3.59%). In terms of maximum drawdown, FARCX dropped -70.62% vs FESIX's -44.22%.

Which has better risk-adjusted returns?

FARCX currently has the higher Sharpe Ratio (1.11 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.